The multi-month US dollar rally shows no sign of abating with the greenback racking up impressive gains against all of its major rivals. Get your market update from nickcawley1 here:
rally shows no sign of abating with the greenback racking up impressive gains against all of its major rivals. Further confirmation from Fed chair Jerome Powell yesterday that the US central bank will act swiftly to stamp down inflation has given the DXY another boost higher and with little in the way of resistance, the move looks likely to extend further.
Fed chair Powell all but confirmed that interest rates would be hiked by 50 basis points at the May meeting – confirming market pricing – and suggested that similar-sized hikes are likely in the coming months. Mr. Powell also said that ‘there’s something in the idea of front-end loading’, underpinning the belief that the US will hike rates by multiples of 50 basis points at the next few meetings.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD falls back under 1.0850 as US yields rally, having rejected 21DMA in 1.0930sMovements in yield spreads as a function of rhetoric from central bankers dictated the price action for EUR/USD on Thursday. Comments from the usually
Read more »
Toys 'R' Us Is Relaunching With 400 U.S. Locations in 2022 — Best LifeThe iconic toy store company Toys 'R' Us is relaunching with over 400 new shop-in-shops opening before the end of 2022.
Read more »
U.S. unveils sponsorship program to resettle Ukrainian refugees, discourage travel to U.S.-Mexico borderThe Biden administration is launching a program that will allow U.S. citizens and groups to financially sponsor Ukrainians displaced by the Russian invasion of their country so that they can come to the U.S. sooner, the DHS announced.
Read more »
US delivers ‘Phoenix Ghost’ drone designed by US Air Force specifically for Ukrainian ‘needs’: DODThe Pentagon announced Thursday that it will deliver over 120 “Phoenix Ghost” drones specifically designed by the U.S. Air Force for Ukrainian “needs” as the war with Russia ramps up.
Read more »
Suzuki-Yellen Meeting: US side sounded as if it will consider idea of joint FX intervention positively“Japan’s Finance Minister Shunichi Suzuki and US Treasury Secretary Janet Yellen likely discussed coordinated currency intervention during bilateral t
Read more »
US assesses there have been no major territorial gains so far for Russia in new offenseUkrainian forces continue to resist Russian attacks in southeastern Mariupol, with a Ukrainian commander saying the situation at the Azovstal steel plant is 'critical.' Follow here for live news updates.
Read more »